AI/ML Innovations Inc. Enters into Agreement with Moonshot Inc. to Appoint New CEO

AI/ML Innovations Inc., listed under AIML in various stock exchanges, has formally announced its new agreement with Moonshot Inc. This arrangement involves the appointment of Paul Duffy as the Chief Executive Officer by Moonshot, acting as an independent contractor. The services outlined in the agreement include typical CEO duties and responsibilities. Paul Duffy's tenure as CEO is set to begin under the terms of the contract which stipulates his compensation details and conditions for stock-based payments.

The contract specifies an initial signing bonus of $125,000 in company shares, with an additional equal amount payable on the second anniversary of the start date. AI/ML Innovations will also compensate the newly appointed CEO with monthly and annual retention fees paid in shares. Duffy will be further incentivized with options to purchase up to 1,500,000 shares, contingent on the achievement of specific company milestones.

All financial transactions specified in the agreement, including the shares and options, are subject to appropriate approvals from relevant authorities including the Canadian Securities Exchange. This strategic appointment is part of AI/ML’s broader initiative to leverage expertise in guiding the company towards achieving significant growth milestones in the fields of artificial intelligence and machine learning.